NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Wed Jul 23, 2014 10:02 AM CDT

Natural gas, also known as the Widow Maker, seldom fails to make things interesting. This month has seen the market that often marches to the beat of its own drum, consistently work lower. So much so that the spot-month contract now appears to be targeting major (long-term) support on its monthly chart between $3.656 and $3.431. These prices mark the 61.8% and 67% retracement levels of its previous rally from $1.902 (April 2012) through its high of $6.493 (February 2014).

There are a couple of interesting things to point out about this previous move. Note that the April 2012 spike ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Technically Speaking Blog
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Livestock Comments